RITES receives rating of IVR AAA/ Stable for long term bank facilities

New Delhi: State-owned RITES stated in a regulatory filing on Saturday that it has received "a credit rating of IVR AAA/ Stable (IVR Triple A with stable outlook) for
long term bank facilities up to an amount of Rs 1,265 crores from lnfomerics
Valuation and Rating Pvt Ltd."

"Previously, its credit rating for short-term bank facilities was IVR A1+ (IVR A
One Plus)," stated the filing.

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